FX.co ★ AUD/JPY above major support, prepare to buy

The price is right above major support at 83.77 (Fibonacci retracement, horizontal swing low support) where we expect a bounce from to at least 85.22 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (21,5,3) is seeing strong support above the 7% level and also displays bullish divergence versus the price.

Buy above 83.77. Stop loss is at 82.73. Take profit is at 85.22.